One house in the neighbourhood sold real fast. I expect they priced it low. Other houses are languishing. I don't know what a big crash would look like on this chart, since there would be such a variance on pricing.
ps. what I mean is mathematically, I don't think this chart can go down. We're in a big crash now with homes at 20-30%. But the average price will stay up if more big houses are sold (maybe 30%). Condos are still going up because people signed their lives away. We won't see the capped condos of the 80's. The banks will absorb everything.
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